Pioneers credit risk - NECC

Recent strides in clearing have undoubtedly brought more players into the energy markets. Most initiatives focus on pre-delivery market risk, yet there is often two to four times as much collateral or risk tied up in post-delivery as there is in mark-to-market risk.

In an attempt to address this, John Flory, president of North American Energy Credit and Clearing (NECC), and George Sladoje, its chief executive, have worked with their hand-picked team of energy and financial experts for almost

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